PG&E : 2023 FERC Form 1 (Electric)

May 25, 2024 at 12:11 am

2023

ANNUAL REPORT

Pacific Gas and Electric Company

300 Lakeside Drive

Oakland, CA 94612

to the

Public Utilities Commission

of the

State of California

For the Year Ended December 31, 2023

Volume No. 1 (Form 1)

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of Pacific Gas and Electric Company

Opinion

We have audited the financial statements of Pacific Gas and Electric Company (the "Company"), which comprise the balance sheet-regulatory basis as of December 31, 2023, and the related statements of income-regulatory basis, retained earnings-regulatory basis, and cash flows-regulatory basis for the year then ended, included on pages 110 through 123 of the accompanying Federal Energy Regulatory Commission Form 1, and the related notes to the financial statements (the "financial statements").

In our opinion, the accompanying financial statements present fairly, in all material respects, the assets, liabilities, and proprietary capital of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter-Basis of Accounting

As discussed in the Note 1 to the financial statements, these financial statements were prepared in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases, which is a basis of accounting other than accounting principles generally accepted in the United States of America. As a result, the financial statements may not be suitable for another purpose. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the financial statements are available to be issued.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Restriction on Use

This report is intended solely for the information and use of the board of directors and management of the Company and for filing with the Federal Energy Regulatory Commission and is not intended to be and should not be used by anyone other than these specified parties.

April 17, 2024

- 2 -

FERC Form

THIS FILING IS

Item 1:

An Initial (Original) Submission OR

Resubmission No.

FERC FINANCIAL REPORT

FERC FORM No. 1: Annual Report of

Major Electric Utilities, Licensees

and Others and Supplemental

Form 3-Q: Quarterly Financial Report

These reports are mandatory under the Federal Power Act, Sections 3, 4(a), 304 and 309, and 18 CFR 141.1 and 141.400. Failure to report may result in criminal fines, civil penalties and other sanctions as provided by law. The Federal Energy Regulatory Commission does not consider these reports to be of confidential nature

Exact Legal Name of Respondent (Company)

PACIFIC GAS AND ELECTRIC COMPANY

Year/Period of Report End of: 2023 / Q4

FERC FORM NO. 1 (REV. 02-04)

INSTRUCTIONS FOR FILING FERC FORM NOS. 1 and 3-Q

GENERAL INFORMATION

Purpose

FERC Form No. 1 (FERC Form 1) is an annual regulatory requirement for Major electric utilities, licensees and others (18 C.F.R. § 141.1). FERC Form No. 3-Q ( FERC Form 3-Q) is a quarterly regulatory requirement which supplements the annual financial reporting requirement (18 C.F.R. § 141.400). These reports are designed to collect financial and operational information from electric utilities, licensees and others subject to the jurisdiction of the Federal Energy Regulatory Commission. These reports are also considered to be non-confidential public use forms.

Who Must Submit

Each Major electric utility, licensee, or other, as classified in the Commission's Uniform System of Accounts Prescribed for Public Utilities, Licensees, and Others Subject To the Provisions of The Federal Power Act (18 C.F.R. Part 101), must submit FERC Form 1 (18 C.F.R. § 141.1), and FERC Form 3-Q (18 C.F.R. § 141.400).

Note: Major means having, in each of the three previous calendar years, sales or transmission service that exceeds one of the following:

one million megawatt hours of total annual sales, 100 megawatt hours of annual sales for resale,

500 megawatt hours of annual power exchanges delivered, or

500 megawatt hours of annual wheeling for others (deliveries plus losses).

What and Where to Submit

Submit FERC Form Nos. 1 and 3-Q electronically through the eCollection portal at https://eCollection.ferc.gov , and according to the specifications in the Form 1 and 3-Q taxonomies.

The Corporate Officer Certification must be submitted electronically as part of the FERC Forms 1 and 3-Q filings.

Submit immediately upon publication, by either eFiling or mail, two (2) copies to the Secretary of the Commission, the latest Annual Report to Stockholders. Unless eFiling the Annual Report to Stockholders, mail the stockholders report to the Secretary of the Commission at:

Secretary

Federal Energy Regulatory Commission 888 First Street, NE

Washington, DC 20426

For the CPA Certification Statement, submit within 30 days after filing the FERC Form 1, a letter or report (not applicable to filers classified as Class C or Class D prior to January 1, 1984). The CPA Certification Statement can be either eFiled or mailed to the Secretary of the Commission at the address above.

The CPA Certification Statement should:

Attest to the conformity, in all material aspects, of the below listed (schedules and pages) with the Commission's applicable Uniform System of Accounts (including applicable notes relating thereto and the Chief Accountant's published accounting releases), and

Be signed by independent certified public accountants or an independent licensed public accountant certified or licensed by a regulatory authority of a State or other political subdivision of the U. S. (See 18 C.F.R. §§ 41.10-41.12 for specific qualifications.)

Schedules		Pages

Comparative Balance Sheet	110-113
Statement of Income	114-117
Statement of Retained Earnings	118-119
Statement of Cash Flows	120-121
Notes to Financial Statements	122-123

The following format must be used for the CPA Certification Statement unless unusual circumstances or conditions, explained in the letter or report, demand that it be varied. Insert parenthetical phrases only when exceptions are reported.

"In connection with our regular examination of the financial statements of [COMPANY NAME] for the year ended on which we have reported separately under date of [DATE], we have also reviewed schedules [NAME OF SCHEDULES] of FERC Form No. 1 for the year filed with the Federal Energy Regulatory Commission, for conformity in all material respects with the requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases. Our review for this purpose included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

Based on our review, in our opinion the accompanying schedules identified in the preceding paragraph (except as noted below) conform in all material respects with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases." The letter or report must state which, if any, of the pages above do not conform to the Commission's requirements. Describe the discrepancies that exist.

Filers are encouraged to file their Annual Report to Stockholders, and the CPA Certification Statement using eFiling. Further instructions are found on the Commission's website at https://www.ferc.gov/ferc-online/ferc-online/frequently-asked-questions-faqs-efilingferc-online	.

Federal, State, and Local Governments and other authorized users may obtain additional blank copies of FERC Form 1 and 3-Q free of charge from https://www.ferc.gov/general-information-0/electric-industry-forms	.

When to Submit

FERC Forms 1 and 3-Q must be filed by the following schedule:

FERC Form 1 for each year ending December 31 must be filed by April 18th of the following year (18 CFR § 141.1), and

FERC Form 3-Q for each calendar quarter must be filed within 60 days after the reporting quarter (18 C.F.R. § 141.400).

Where to Send Comments on Public Reporting Burden.

The public reporting burden for the FERC Form 1 collection of information is estimated to average 1,168 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data-needed, and completing and reviewing the collection of information. The public reporting burden for the FERC Form 3-Q collection of information is estimated to average 168 hours per response.

Send comments regarding these burden estimates or any aspect of these collections of information, including suggestions for reducing burden, to the Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426 (Attention: Information Clearance Officer); and to the Office of Information and Regulatory Affairs, Office of Management and Budget, Washington, DC 20503 (Attention: Desk Officer for the Federal Energy Regulatory Commission). No person shall be subject to any penalty if any collection of information does not display a valid control number (44 U.S.C. § 3512 (a)).

GENERAL INSTRUCTIONS

Prepare this report in conformity with the Uniform System of Accounts (18 CFR Part 101) (USofA). Interpret all accounting words and phrases in accordance with the USofA.

Enter in whole numbers (dollars or MWH) only, except where otherwise noted. (Enter cents for averages and figures per unit where cents are important. The truncating of cents is allowed except on the four basic financial statements where rounding is required.) The amounts shown on all supporting pages must agree with the amounts entered on the statements that they support. When applying thresholds to determine significance for reporting purposes, use for balance sheet accounts the balances at the end of the current reporting period, and use for statement of income accounts the current year's year to date amounts. Complete each question fully and accurately, even if it has been answered in a previous report. Enter the word "None" where it truly and completely states the fact.

For any page(s) that is not applicable to the respondent, omit the page(s) and enter "NA," "NONE," or "Not Applicable" in column (d) on the List of Schedules, pages 2 and 3.

Enter the month, day, and year for all dates. Use customary abbreviations. The "Date of Report" included in the header of each page is to be completed only for resubmissions (see VII. below).

Generally, except for certain schedules, all numbers, whether they are expected to be debits or credits, must be reported as positive. Numbers having a sign that is different from the expected sign must be reported by enclosing the numbers in parentheses. For any resubmissions, please explain the reason for the resubmission in a footnote to the data field.

Do not make references to reports of previous periods/years or to other reports in lieu of required entries, except as specifically authorized.

Wherever (schedule) pages refer to figures from a previous period/year, the figures reported must be based upon those shown by the report of the previous period/year, or an appropriate explanation given as to why the different figures were used. Schedule specific instructions are found in the applicable taxonomy and on the applicable blank rendered form.

Definitions for statistical classifications used for completing schedules for transmission system reporting are as follows:

FNS - Firm Network Transmission Service for Self. "Firm" means service that can not be interrupted for economic reasons and is intended to remain reliable even under adverse conditions. "Network Service" is Network Transmission Service as described in Order No. 888 and the Open Access Transmission Tariff. "Self" means the respondent.

FNO - Firm Network Service for Others. "Firm" means that service cannot be interrupted for economic reasons and is intended to remain reliable even under adverse conditions. "Network Service" is Network Transmission Service as described in Order No. 888 and the Open Access Transmission Tariff.

LFP - for Long-Term Firm Point-to-Point Transmission Reservations. "Long-Term" means one year or longer and" firm" means that service cannot be interrupted for economic reasons and is intended to remain reliable even under adverse conditions. "Point-to-Point Transmission Reservations" are described in Order No. 888 and the Open Access Transmission Tariff. For all transactions identified as LFP, provide in a footnote the termination date of the contract defined as the earliest date either buyer or seller can unilaterally cancel the contract.

OLF - Other Long-Term Firm Transmission Service. Report service provided under contracts which do not conform to the terms of the Open Access Transmission Tariff. "Long-Term" means one year or longer and "firm" means that service cannot be interrupted for economic reasons and is intended to remain reliable even under adverse conditions. For all transactions identified as OLF, provide in a footnote the termination date of the contract defined as the earliest date either buyer or seller can unilaterally get out of the contract.

SFP - Short-Term Firm Point-to-Point Transmission Reservations. Use this classification for all firm point-to-point transmission reservations, where the duration of each period of reservation is less than one-year.

NF - Non-Firm Transmission Service, where firm means that service cannot be interrupted for economic reasons and is intended to remain reliable even under adverse conditions.

OS - Other Transmission Service. Use this classification only for those services which can not be placed in the above-mentioned classifications, such as all other service regardless of the length of the contract and service FERC Form. Describe the type of service in a footnote for each entry.

AD - Out-of-Period Adjustments. Use this code for any accounting adjustments or "true-ups" for service provided in prior reporting periods. Provide an explanation in a footnote for each adjustment.

DEFINITIONS

Commission Authorization (Comm. Auth.) -- The authorization of the Federal Energy Regulatory Commission, or any other Commission. Name the commission whose authorization was obtained and give date of the authorization.

Respondent -- The person, corporation, licensee, agency, authority, or other Legal entity or instrumentality in whose behalf the report is made.

EXCERPTS FROM THE LAW

Federal Power Act, 16 U.S.C. § 791a-825r

Sec. 3. The words defined in this section shall have the following meanings for purposes of this Act, to with:

'Corporation' means any corporation, joint-stock company, partnership, association, business trust, organized group of persons, whether incorporated or not, or a receiver or receivers, trustee or trustees of any of the foregoing. It shall not include 'municipalities, as hereinafter defined; 'Person' means an individual or a corporation;

'Licensee, means any person, State, or municipality Licensed under the provisions of section 4 of this Act, and any assignee or successor in interest thereof;

'municipality means a city, county, irrigation district, drainage district, or other political subdivision or agency of a State competent under the Laws thereof to carry and the business of developing, transmitting, unitizing, or distributing power; ......

"project' means. a complete unit of improvement or development, consisting of a power house, all water conduits, all dams and appurtenant works and structures (including navigation structures) which are a part of said unit, and all storage, diverting, or fore bay reservoirs directly connected therewith, the primary line or lines transmitting power there from to the point of junction with the distribution system or with the interconnected primary transmission system, all miscellaneous structures used and useful in connection with said unit or any part thereof, and all water rights, rights-of-way, ditches, dams, reservoirs, Lands, or interest in Lands the use and occupancy of which are necessary or

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FERC Form

appropriate in the maintenance and operation of such unit;

"Sec. 4. The Commission is hereby authorized and empowered

'To make investigations and to collect and record data concerning the utilization of the water 'resources of any region to be developed, the water-power industry and its relation to other industries and to interstate or foreign commerce, and concerning the location, capacity, development costs, and relation to markets of power sites; ... to the extent the Commission may deem necessary or useful for the purposes of this Act."

"Sec. 304.

Every Licensee and every public utility shall file with the Commission such annual and other periodic or special* reports as the Commission may by rules and regulations or other prescribe as necessary or appropriate to assist the Commission in the proper administration of this Act. The Commission may prescribe the manner and FERC Form in which such reports shall be made, and require from such persons specific answers to all questions upon which the Commission may need information. The Commission may require that such reports shall include, among other things, full information as to assets and Liabilities, capitalization, net investment, and reduction thereof, gross receipts, interest due and paid, depreciation, and other reserves, cost of project and other facilities, cost of maintenance and operation of the project and other facilities, cost of renewals and replacement of the project works and other facilities, depreciation, generation, transmission, distribution, delivery, use, and sale of electric energy. The Commission may require any such person to make adequate provision for currently determining such costs and other facts. Such reports shall be made under oath unless the Commission otherwise specifies*.10

"Sec. 309.

The Commission shall have power to perform any and all acts, and to prescribe, issue, make, and rescind such orders, rules and regulations as it may find necessary or appropriate to carry out the provisions of this Act. Among other things, such rules and regulations may define accounting, technical, and trade terms used in this Act; and may prescribe the FERC Form or FERC Forms of all statements, declarations, applications, and reports to be filed with the Commission, the information which they shall contain, and the time within which they shall be field..."

GENERAL PENALTIES

The Commission may assess up to $1 million per day per violation of its rules and regulations. See FPA § 316(a) (2005), 16 U.S.C. § 825o(a).

FERC FORM NO. 1 (ED. 03-07)

			FERC FORM NO. 1
		REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHER
				IDENTIFICATION
01	Exact Legal Name of Respondent		02 Year/ Period of Report

PACIFIC GAS AND ELECTRIC COMPANY		End of: 2023 / Q4


03	Previous Name and Date of Change (If name changed during year)
/

04	Address of Principal Office at End of Period (Street, City, State, Zip Code)
300 LAKESIDE DRIVE, OAKLAND, CA 94612

05	Name of Contact Person		06 Title of Contact Person
JENNIFER GARBODEN		DIRECTOR, CORP ACCOUNTING

07	Address of Contact Person (Street, City, State, Zip Code)
300 LAKESIDE DRIVE, OAKLAND, CA 94612

			09 This Report is An Original / A Resubmission
08	Telephone of Contact Person, Including Area Code	(1)	An Original	10 Date of Report (Mo, Da, Yr)
(415) 973-5456		05/22/2024

			(2)	A Resubmission

		Annual Corporate Officer Certification
The undersigned officer certifies that:
I have examined this report and to the best of my knowledge, information, and belief all statements of fact contained in this report are correct statements of the business affairs of the respondent and the financial statements, and other financial information contained in this report, conform in all material respects to the Uniform System of Accounts.

01 Name		03 Signature	04 Date Signed (Mo, Da, Yr)
Stephanie Williams		/s/ Stephanie Williams	05/22/2024

02 Title
Vice President, CFO,	and Controller, Pacific Gas and Electric Company

Title 18, U.S.C. 1001 makes it a crime for any person to knowingly and willingly to make to any Agency or Department of the United States any false, fictitious or fraudulent statements as to any matter within its jurisdiction.

FERC FORM No. 1 (REV. 02-04)

Page 1

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

LIST OF SCHEDULES (Electric Utility)

Enter in column (c) the terms "none," "not applicable," or "NA," as appropriate, where no information or amounts have been reported for certain pages. Omit pages where the respondents are "none," "not applicable," or "NA".

	Line No.	Title of Schedule	Reference Page No.	Remarks
	(a)	(b)	(c)
		Identification	1

		List of Schedules	2

1		General Information	101

2		Control Over Respondent	102

3		Corporations Controlled by Respondent	103

4		Officers	104

5		Directors	105

6		Information on Formula Rates	106

7		Important Changes During the Year	108

8		Comparative Balance Sheet	110

9		Statement of Income for the Year	114
10		Statement of Retained Earnings for the Year	118

12		Statement of Cash Flows	120

12		Notes to Financial Statements	122

13		Statement of Accum Other Comp Income, Comp Income, and Hedging Activities	122a

14		Summary of Utility Plant & Accumulated Provisions for Dep, Amort & Dep	200

15		Nuclear Fuel Materials	202

16		Electric Plant in Service	204

17		Electric Plant Leased to Others	213	NONE

18		Electric Plant Held for Future Use	214	NONE

19		Construction Work in Progress-Electric	216

20		Accumulated Provision for Depreciation of Electric Utility Plant	219
21		Investment of Subsidiary Companies	224

22		Materials and Supplies	227

23		Allowances	228

24		Extraordinary Property Losses	230a	NONE

25		Unrecovered Plant and Regulatory Study Costs	230b

26		Transmission Service and Generation Interconnection Study Costs	231

27		Other Regulatory Assets	232

28		Miscellaneous Deferred Debits	233
29		Accumulated Deferred Income Taxes	234

30		Capital Stock	250

31		Other Paid-in Capital	253
32		Capital Stock Expense	254b

33		Long-Term Debt	256

34		Reconciliation of Reported Net Income with Taxable Inc for Fed Inc Tax	261

35		Taxes Accrued, Prepaid and Charged During the Year	262

36		Accumulated Deferred Investment Tax Credits	266

37		Other Deferred Credits	269

38		Accumulated Deferred Income Taxes-Accelerated Amortization Property	272

39		Accumulated Deferred Income Taxes-Other Property	274
40		Accumulated Deferred Income Taxes-Other	276

41		Other Regulatory Liabilities	278

42		Electric Operating Revenues	300
43		Regional Transmission Service Revenues (Account 457.1)	302	NONE

44		Sales of Electricity by Rate Schedules	304

45		Sales for Resale	310

46		Electric Operation and Maintenance Expenses	320

47		Purchased Power	326

48		Transmission of Electricity for Others	328

49		Transmission of Electricity by ISO/RTOs	331	NONE

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FERC Form

66.1

66.2

Transmission of Electricity by Others

Miscellaneous General Expenses-Electric

Depreciation and Amortization of Electric Plant (Account 403, 404, 405)

Regulatory Commission Expenses

Research, Development and Demonstration Activities

Distribution of Salaries and Wages

Common Utility Plant and Expenses

Amounts included in ISO/RTO Settlement Statements

Purchase and Sale of Ancillary Services

Monthly Transmission System Peak Load

Monthly ISO/RTO Transmission System Peak Load

Electric Energy Account

Monthly Peaks and Output

Steam Electric Generating Plant Statistics

Hydroelectric Generating Plant Statistics

Pumped Storage Generating Plant Statistics

Generating Plant Statistics Pages

Energy Storage Operations (Large Plants)

Energy Storage Operations (Small Plants)

Transmission Line Statistics Pages

Transmission Lines Added During Year

Substations

Transactions with Associated (Affiliated) Companies

Footnote Data

Stockholders' Reports (check appropriate box)

Stockholders' Reports Check appropriate box:

Two copies will be submitted

No annual report to stockholders is prepared

332

335

336

350

352

354

356

397

398

400

400a

NONE

401a

401b

402

406

408

410

414

419

422

424

426

429

450

FERC FORM No. 1 (ED. 12-96)

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

Page 2

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

GENERAL INFORMATION

1. Provide name and title of officer having custody of the general corporate books of account and address of office where the general corporate books are kept, and address of office where any other corporate books of account are kept, if different from that where the general corporate books are kept.

Stephanie N. Williams

Vice President, Controller and CFO

300 LAKESIDE DRIVE, OAKLAND, CA 94612

2. Provide the name of the State under the laws of which respondent is incorporated, and date of incorporation. If incorporated under a special law, give reference to such law. If not incorporated, state that fact and give the type of organization and the date organized.

State of Incorporation: CA

Date of Incorporation: 1905-10-01

Incorporated Under Special Law:

3. If at any time during the year the property of respondent was held by a receiver or trustee, give (a) name of receiver or trustee, (b) date such receiver or trustee took possession, (c) the authority by which the receivership or trusteeship was created, and (d) date when possession by receiver or trustee ceased.

Name of Receiver or Trustee Holding Property of the Respondent:
Date Receiver took Possession of Respondent Property:
Authority by which the Receivership or Trusteeship was created:
Date when possession by receiver or trustee ceased:

4. State the classes or utility and other services furnished by respondent during the year in each State in which the respondent operated.

Electricity and natural gas distribution, electric generation, procurement, and transmission, and natural gas procurement, transportation, and storage.State of California only.

5. Have you engaged as the principal accountant to audit your financial statements an accountant who is not the principal accountant for your previous year's certified financial statements?

FERC FORM No. 1 (ED. 12-87)

Page 101

Name of Respondent:	This report is:		Date of Report:	Year/Period of Report
(1)	An Original
PACIFIC GAS AND ELECTRIC COMPANY		05/22/2024	End of: 2023 / Q4
(2)	A Resubmission


			CONTROL OVER RESPONDENT

1. If any corporation, business trust, or similar organization or a combination of such organizations jointly held control over the respondent at the end of the year, state name of controlling corporation or organization, manner in which control was held, and extent of control. If control was in a holding company organization, show the chain of ownership or control to the main parent company or organization. If control was held by a trustee(s), state name of trustee(s), name of beneficiary or beneficiaries for whom trust was maintained, and purpose of the trust.


Effective January 1, 1997, PG&E Corporation became the holding company of Pacific Gas and Electric Company.

FERC FORM No. 1 (ED. 12-96)

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

Page 102

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

CORPORATIONS CONTROLLED BY RESPONDENT

Report below the names of all corporations, business trusts, and similar organizations, controlled directly or indirectly by respondent at any time during the year. If control ceased prior to end of year, give particulars (details) in a footnote.
If control was by other means than a direct holding of voting rights, state in a footnote the manner in which control was held, naming any intermediaries involved.
If control was held jointly with one or more other interests, state the fact in a footnote and name the other interests.

Definitions

See the Uniform System of Accounts for a definition of control.
Direct control is that which is exercised without interposition of an intermediary.
Indirect control is that which is exercised by the interposition of an intermediary which exercises direct control.
Joint control is that in which neither interest can effectively control or direct action without the consent of the other, as where the voting control is equally divided between two holders, or each party holds a veto power over the other. Joint control may exist by mutual agreement or understanding between two or more parties who together have control within the meaning of the definition of control in the Uniform System of Accounts, regardless of the relative voting rights of each party.

Line No.	Name of Company Controlled	Kind of Business	Percent Voting Stock Owned		Footnote Ref.
(a)	(b)	(c)		(d)

1	Eureka Energy Company	Formerly managed the Utility's Utah coal venture. Currently holds part of the Marre Ranch property in San Luis Obispo County.		100

2	Morro Bay Mutual Water Company	Formed to jointly hold property rights in connection with the divestiture of the Morro Bay Power Plant		50	(a)
	1

3	Moss Landing Mutual Water Company	Formed to jointly hold property rights in connection with the divestiture of the Moss Landing Power Plant		33	(b)
	2

4	Natural Gas Corporation of California (NGC)	Entity used to amortize remaining Gas Exploration and Development Account assets.		100

5	Pacific Energy Risk Solutions LLC (PERS)	Formed for the purpose of qualifying as a pure captive insurance company to transact insurance and manage PG&E's wildfire self-insurance program.		100

6	Pacific Generation, LLC	Formed to be the ownerhsip entity for all non-nuclear generation assets.		100

7	PG&E AR Facility, LLC	Formed for potential accounts recievable securitization transactions		100

8	PG&E Recovery Funding, LLC	Formed to issue AB 1054 securitization bonds.		100

9	PG&E Wildfire Recovery Funding, LLC	Formed to issue Rate Neutral securitization bonds.		100

10	Standard Pacific Gas Line Incorporated	Engaged in the transportation of natural gas in California. The Utility owns an 85.71% interest and Chevron Pipe Line Company owns the remaining 14.29% interest.		85.71

11	STARS Alliance, LLC	Formed to increase efficiency and reduce costs related to the operation of the members nuclear generation facilities.		33	(c)
	3

FERC FORM No. 1 (ED. 12-96)	Page 103

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

FOOTNOTE DATA

Concept: FootnoteReferences

Members include: Dynergy Moss Landing. Pacific Gas and Electric Company is one of 2 members of the non-profit mutual benefit corporation.

Concept: FootnoteReferences

Members include: Dynergy Moss Landing and Moon Glow Dairy. Pacific Gas and Electric Company is one of 3 members of the non-profit mutual benefit corporation.

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FERC Form

Concept: FootnoteReferences

Members include: Arizona Public Service Company, Union Electric Company, d/b/a AmerenMO, and Wolf Creek Nuclear Operating Corporation. Pacific Gas and Electric Company has a 1/3 equity interest.

Waiting for confirmation of withdrawal from Texas.

FERC FORM No. 1 (ED. 12-96)

Page 103

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

OFFICERS

Report below the name, title and salary for each executive officer whose salary is $50,000 or more. An "executive officer" of a respondent includes its president, secretary, treasurer, and vice president in charge of a principal business unit, division or function (such as sales, administration or finance), and any other person who performs similar policy making functions.
If a change was made during the year in the incumbent of any position, show name and total remuneration of the previous incumbent, and the date the change in incumbency was made.

Line No.		Title		Name of Officer	Salary for Year	Date Started in Period	Date Ended in Period
	(a)		(b)	(c)	(d)	(e)

1	Executive Vice President, Engineering, Planning and Strategy		Jason Glickman		747,720

2	Executive Vice President and Chief Customer and Enterprise Solutions Officer		Marlene Santos		907,813

3	Executive Vice President, Operations and Chief Operating Officer		Adam Wright		875,000		2023-03-02

4	Vice President, Chief Financial Officer and Controller		David S. Thomason		390,370		2023-02-17

5	Executive Vice President, Operations and Chief Operating Officer		Sumeet Singh		907,813

6	Executive Vice President, People, Shared Services and Supply Chain Officer		Julius Cox		669,188		2023-09-26

7	Vice President, Controller, Utility Chief Financial Officer		Stephanie Williams		375,000	2023-01-10

8	Executive Vice President, Chief People Officer		Kaled Awada		715,000	2024-01-16

FERC FORM No. 1 (ED. 12-96)

			Page 104

Name of Respondent:	This report is:		Date of Report:	Year/Period of Report
(1)	An Original
PACIFIC GAS AND ELECTRIC COMPANY		05/22/2024	End of: 2023 / Q4
(2)	A Resubmission

DIRECTORS

Report below the information called for concerning each director of the respondent who held office at any time during the year. Include in column (a), name and abbreviated titles of the directors who are officers of the respondent.
Provide the principle place of business in column (b), designate members of the Executive Committee in column (c), and the Chairman of the Executive Committee in column (d).

Line No.	Name (and Title) of Director	Principal Business Address	Member of the Executive Committee	Chairman of the Executive Committee
(a)	(b)	(c)	(d)

1	Rajat Bahri	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

2	Cheryl F. Campbell	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true	true

3	Edward G. Cannizzaro	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

4	Kerry W. Cooper	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

5	Jessica L. Denecour	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true

6	Mark E. Ferguson, III	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true

7	Robert C. Flexon	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true

8	Craig W. Fugate	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

9	Arno L. Harris	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

10	Carlos M. Hernandez	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

11	Michael R. Niggli	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

12	Patricia K. Poppe	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true

13	Sumeet Singh, EVP Operations, COO, and Director, Pacific Gas and Electric Company	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612

14	William L. Smith	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true

15	Benjamin F. Wilson	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612	true

16	(a)	c/o PG&E Corporation300 Lakeside DriveOakland, CA 94612
Adam L. Wright, EVP Operations, COO and Director, Pacific Gas and Electric Company

FERC FORM No. 1 (ED. 12-95)

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

Page 105

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

FOOTNOTE DATA

Concept: NameAndTitleOfDirector

Adam L. Wright resigned on 3/1/2023.

FERC FORM No. 1 (ED. 12-95)

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

Does the respondent have formula rates?

Page 105

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

INFORMATION ON FORMULA RATES

Yes

1. Please list the Commission accepted formula rates including FERC Rate Schedule or Tariff Number and FERC proceeding (i.e. Docket No) accepting the rate(s) or changes in the accepted rate.

	Line No.	FERC Rate Schedule or Tariff Number		FERC Proceeding
	(a)		(b)
1		PG&E FERC Electric Tariff Volume No. 5	ER19-13-000	(ie TO20 effective from 5/1/19 through 12/31/2023

2		PG&E FERC Electric Tariff Volume No. 5	ER24-96-000	(ie TO21 effective from 1/1/2024)

3		PG&E FERC Electric Tariff Volume No. 4	ER20-2878-000

FERC FORM No. 1 (NEW. 12-08)

Page 106

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

This report is:	Date of Report:	Year/Period of Report
(1)	An Original	05/22/2024	End of: 2023 / Q4
(2)	A Resubmission

INFORMATION ON FORMULA RATES - FERC Rate Schedule/Tariff Number FERC Proceeding

Does the respondent file with the Commission annual (or more frequent) filings containing the inputs to the formula rate(s)?

Yes

If yes, provide a listing of such filings as contained on the Commission's eLibrary website.

Line No.

Accession No.	Document Date / Filed Date	Docket No.	Description	Formula Rate FERC Rate Schedule Number or Tariff Number
(a)	(b)	(c)	(d)	(e)
20211201-5328	12/01/2021	ER19-13-000ER19-1816-000ER20-2265-000	Annual Formula Transmission Rate Update Filing for Rate Year 2022	PG&E FERC Electric Tariff Volume No. 5

FERC FORM NO. 1 (NEW. 12-08)

Page 106a

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

INFORMATION ON FORMULA RATES - Formula Rate Variances

If a respondent does not submit such filings then indicate in a footnote to the applicable Form 1 schedule where formula rate inputs differ from amounts reported in the Form 1.
The footnote should provide a narrative description explaining how the "rate" (or billing) was derived if different from the reported amount in the Form 1.
The footnote should explain amounts excluded from the ratebase or where labor or other allocation factors, operating expenses, or other items impacting formula rate inputs differ from amounts reported in Form 1 schedule amounts.
Where the Commission has provided guidance on formula rate inputs, the specific proceeding should be noted in the footnote.

Line No.	Page No(s).	Schedule
(a)	(b)

1		NOT APPLICABLE

FERC FORM No. 1 (NEW. 12-08)

Page 106b

Column

(c)

Line No.

(d)

Name of Respondent:	This report is:	Date of Report:	Year/Period of Report
(1)	An Original
PACIFIC GAS AND ELECTRIC COMPANY	05/22/2024	End of: 2023 / Q4
(2)	A Resubmission

IMPORTANT CHANGES DURING THE QUARTER/YEAR

Give particulars (details) concerning the matters indicated below. Make the statements explicit and precise, and number them in accordance with the inquiries. Each inquiry should be answered. Enter "none," "not applicable," or "NA" where applicable. If information which answers an inquiry is given elsewhere in the report, make a reference to the schedule in which it appears.

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FERC Form

1. Changes in and important additions to franchise rights: Describe the actual consideration given therefore and state from whom the franchise rights were acquired. If acquired without the payment of consideration, state that fact.
2. Acquisition of ownership in other companies by reorganization, merger, or consolidation with other companies: Give names of companies involved, particulars concerning the transactions, name of the Commission authorizing the transaction, and reference to Commission authorization.
3. Purchase or sale of an operating unit or system: Give a brief description of the property, and of the transactions relating thereto, and reference to Commission authorization, if any was required. Give date journal entries called for by the Uniform System of Accounts were submitted to the Commission.
4. Important leaseholds (other than leaseholds for natural gas lands) that have been acquired or given, assigned or surrendered: Give effective dates, lengths of terms, names of parties, rents, and other condition. State name of Commission authorizing lease and give reference to such authorization.
5. Important extension or reduction of transmission or distribution system: State territory added or relinquished and date operations began or ceased and give reference to Commission authorization, if any was required. State also the approximate number of customers added or lost and approximate annual revenues of each class of service. Each natural gas company must also state major new continuing sources of gas made available to it from purchases, development, purchase contract or otherwise, giving location and approximate total gas volumes available, period of contracts, and other parties to any such arrangements, etc.
6. Obligations incurred as a result of issuance of securities or assumption of liabilities or guarantees including issuance of short-term debt and commercial paper having a maturity of one year or less. Give reference to FERC or State Commission authorization, as appropriate, and the amount of obligation or guarantee.
7. Changes in articles of incorporation or amendments to charter: Explain the nature and purpose of such changes or amendments.
8. State the estimated annual effect and nature of any important wage scale changes during the year.
9. State briefly the status of any materially important legal proceedings pending at the end of the year, and the results of any such proceedings culminated during the year.
10. Describe briefly any materially important transactions of the respondent not disclosed elsewhere in this report in which an officer, director, security holder reported on Pages 104 or 105 of the Annual Report Form No. 1, voting trustee, associated company or known associate of any of these persons was a party or in which any such person had a material interest.
11. (Reserved.)
12. If the important changes during the year relating to the respondent company appearing in the annual report to stockholders are applicable in every respect and furnish the data required by Instructions 1 to 11 above, such notes may be included on this page.
13. Describe fully any changes in officers, directors, major security holders and voting powers of the respondent that may have occurred during the reporting period.
14. In the event that the respondent participates in a cash management program(s) and its proprietary capital ratio is less than 30 percent please describe the significant events or transactions causing the proprietary capital ratio to be less than 30 percent, and the extent to which the respondent has amounts loaned or money advanced to its parent, subsidiary, or affiliated companies through a cash management program(s). Additionally, please describe plans, if any to regain at least a 30 percent proprietary ratio.
Changes in and important additions to franchise rights:
PG&E and the City of Richmond have reached agreement on a change in the electric and gas franchise fee rates. The franchise agreements provide either party may request a change in the rate upon the 20-year anniversary of granting the franchise. The parties previously held an arbitration on whether Richmond satisfied certain pre-conditions to requesting a change in rate, which resulted in an arbitrator's decision the conditions were satisfied. PG&E and the City thereafter reached agreement on a new 2.3% rate for the gas and electric franchises. The 1.3% increase in the gas franchise rate, and the 1.3% of increase in the electric franchise rate will be collected as a surcharge from Richmond customers. The change in rates are reflected in amendments to the electric and gas franchises, which the City Council adopted as ordinances in May of 2023.
The California Public Utilities Commission has approved PG&E's advice letter to add the 1.3% franchise fee surcharge to Richmond customers. This regulatory approval satisfies a condition to the franchise amendment, and the franchise fee surcharge will be collected from Richmond customers beginning in the first quarter of 2024.
Acquisition of ownership in other companies by reorganization, merger, or consolidation with other companies: None.
Purchase or sale of an operating unit or system: Sale:
None.
Purchase:
None.
Important leaseholds that have been acquired or given, assigned or surrendered: The following leases were extended in 2023:
- 3551 Pegasus Drive, Bakersfield, CA: Lease term of 1/28/13 - 1/31/28 and total minimum lease payments of $1,703,019.67
- 3065 Gold Camp Drive, Rancho Cordova, CA: Lease term of 07/01/2012 - 06/30/2029 and total minimum lease payments of $18,391,848.12
- 3955 Arch Road, Stockton, CA: Lease term of 5/1/2006 - 12/31/28 and total minimum lease payments of $1,267,200
- 850 Stillwater Road, West Sacramento, CA; Lease term of 10/01/2006 - 12/31/2030 and total minimum lease payments of $11,111,350.33
- 245 Market Street, San Francisco, CA: Lease term of 09/17/2021 - 06/30/2024 and total minimum lease payments of $4,965,899.70
- 6030 West Oaks Boulevard, Rocklin, CA: Lease term of 07/01/2014 - 06/30/2029 and total minimum lease payments of $4,415,564.97
- 1070 Airport Boulevard, Santa Rosa, CA: Lease term of 09/15/2002 - 12/31/2027 and total minimum lease payments of $1,053,872.76

The following lease was also entered into in 2023:

• 555 12th Street, NW, Washington, DC: Lease term of 02/01/2024 - 04/30/2036 and total minimum lease payments of $6,311,517.35
Important extension or reduction of transmission or distribution system: Electric:
On June 14, 2023, the Tesla 230 kV Bus Reactors D-E were released to operations. This project, located in San Joaquin County, replaced the existing 230 kV bus series reactors (8 and 16-ohms) between bus sections D&E with a total of six (6) 36-ohms reactors. The new series bus reactors will reduce the fault duty from 64.7 kA to 55.6 kA.
On December 13, 2023, the Fink Switching Station was released to operations. This project, located in Stanislaus County, constructed a new 230 kV BAAH Switching Station looped into the Quinto Switching Station - Westley 230 kV Line. This project was built to facilitate the interconnection of a 300 MW solar generation by Proxima Solar.
On December 19, 2023, the Bucks Creek PH-Grizzly PH Reconnection was released to operations. This project, located in Butte County, connected Grizzly 115 kV Powerhouse to the Bucks Creek-RockCreek-Cresta 230 kV Line and install a 230/115kV step-up transformer at Bucks Creek Switchyard to facilitate the interconnection to the 230kV grid. Gas:
None.
Obligations incurred as a result of issuance of securities or assumption of liabilities or guarantees including issuance of short-term debt and commercial paper having maturity of one year or less. Give reference to FERC or State Commission authorization, as appropriate, and the amount of obligation or guarantee: a) Financings:
On January 6, 2023, the Utility completed the sale of (i) $750 million aggregate principal amount of 6.150% First Mortgage Bonds due 2033 and (ii) $750 million aggregate principal amount of 6.750% First Mortgage Bonds due 2053. The proceeds were used for the repayment of borrowings outstanding under the Utility's revolving credit facility pursuant to the Utility Revolving Credit Agreement.
On March 30, 2023, the Utility completed the sale of $750 million aggregate principal amount of 6.70% First Mortgage Bonds due 2053. The Utility intends to disburse or allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, new or existing eligible green projects and eligible social projects. Pending full disbursement or allocation, the proceeds were used for the repayment of a portion of the loans outstanding under the Utility's revolving credit facility pursuant to the Utility Revolving Credit Agreement.
On June 5, 2023, the Utility completed the sale of (i) $850 million aggregate principal amount of 6.100% First Mortgage Bonds due 2029, (ii) $1.15 billion aggregate principal amount of 6.400% First Mortgage Bonds due 2033 and (iii) $500 million aggregate principal amount of 6.750% First Mortgage Bonds due 2053. The proceeds were used for the repayment of $375 million aggregate principal amount of 3.25% First Mortgage Bonds due June 15, 2023 and for general corporate purposes, including for the repayment of borrowings outstanding under the Utility's revolving credit facility pursuant to the Utility Revolving Credit Agreement. On November 8, 2023, the Utility completed the sale of $800 million aggregate principal amount of 6.950% First Mortgage Bonds due 2034. The Utility used the net proceeds to repay a portion of the $900 million aggregate principal amount of 1.70% First Mortgage Bonds due November 15, 2023 at maturity.
b) Bank Credit Facilities:
On April 18, 2023, the Utility amended its existing term loan agreement to extend the maturity of the $125 million 364-day tranche loan thereunder from April 19, 2023 to April 16, 2024. The 364-day tranche loan bears interest based on the Utility's election of either (1) Term SOFR (plus a 0.10% credit spread adjustment) plus an applicable margin of 1.375%, or (2) the alternative base rate plus an applicable margin of 0.375%. On June 9, 2023, the Utility entered into an amendment to the Utility Receivables Securitization Program to, among other things, extend the scheduled termination date from September 30, 2024 to June 9, 2025 and increase the low end of the facility limit from $1.0 billion to $1.25 billion.
On June 22, 2023, the Utility amended its existing revolving credit agreement to, among other things, (i) extend the maturity date to June 22, 2028 (subject to two one-year extensions at the option of the Utility), (ii) increase the maximum letter of credit sublimit to $2.0 billion, and (iii) increase the uncommitted incremental facility to up to $1.0 billion.
On November 15, 2023, the Utility entered into a Bridge Term Loan Credit Agreement (the "Bridge Term Loan Credit Agreement"), pursuant to which the lenders made available to the Utility term loans in the aggregate principal amount equal to $2.1 billion (the "Term Loans"). The Utility borrowed the entire amount of the Term Loans on November 15, 2023. The Term Loans have a maturity date of August 15, 2024. The Utility is required to prepay loans outstanding under the Bridge Term Loan Credit Agreement, subject to certain exceptions, with 100% of the net cash proceeds received by the Utility from the issuance or incurrence of any debt by its subsidiary, Pacific Generation. Borrowings under the Bridge Term Loan Credit Agreement bear interest based on the Utility's election of either (1) Term SOFR (as defined in the Bridge Term Loan Credit Agreement) (plus a 0.10% credit spread adjustment) plus an applicable margin of 1.25% or (2) the alternate base rate plus an applicable margin of 0.25%.
At December 31, 2023, the Utility had $652 million of letters of credit outstanding and $1.75 billion of borrowings outstanding under the Utility revolving credit facility and $1.50 billion outstanding under the receivables securitization program. Short-term borrowings were authorized by CPUC Decision No. 09-05-002.
c) Surety Bonds and Financial Guarantees Backed by Insurance:

From January 1, 2023 to December 31, 2023 $268,388,092.45 in surety bond obligations were issued in conformance with the CPUC Decision No. 12-04-015. As of December 31, 2023, there was a total of $741,322,447.78 in outstanding surety bond obligations.

d) Capital Support:

CPUC Decision No. 91-12-057 (as modified by Decision No. 99-04-068) authorized the Utility to provide capital support to regulated and unregulated subsidiaries. At December 31, 2023, the Utility has no outstanding future capital commitments to unregulated subsidiaries and affiliates.

1. Preferred stock repayments: None.
Changes in articles of incorporation or amendments to charter. Explain the nature and purpose of such changes or amendments: None.
State the estimated annual effect and nature of any important wage scale changes during the period:
As provided for in labor agreements with the International Brotherhood of Electrical Workers ("IBEW"), Local 1245, representing a majority of the Utility's employees in physical and clerical classifications; the Engineers and Scientists of California, ("ESC"), representing certain Utility employees in the technical and engineering classifications; and the Service Employees International Union ("SEIU"), representing certain Utility security officers at Diablo Canyon Nuclear Power Plant, the following general wage increases were granted effective January 1, 2023:

IBEW Clerical classifications 3.75%

IBEW Physical classifications 3.75%

ESC non-exempt and some exempt classifications 3.75%

ESC other exempt classifications 3.75%

SEIU classifications 3.75%

The full annual cost of the above general wage increase is approximately $70,991,106.

9. State briefly the status of any materially important legal proceedings pending at the end of the period and the results of any such proceedings culminated during the period:

Refer to Part I, Item 3 in PG&E Corporation and the Utility's joint Annual Report on Form 10-K for the year ended December 31, 2023, which describes certain legal proceedings pursuant to Item 103 of Regulation S-K of the Securities Exchange Act of 1934, as amended. Four copies of the Form 10-K report are filed in accordance with Instruction III(c) of Instructions For Filing the FERC Form No. 1.

10. Describe briefly any materially important transactions of the not disclosed elsewhere in this report in which an officer, director, security holder reported on Page 106, voting trustee, associated company or known associate of any of these persons was a party or in which any such person had a material interest: "Five Percent Owners"

During 2023, numerous beneficial owners of at least 5 percent of PG&E Corporation common stock provided services to, or were involved in transactions with, PG&E Corporation, Pacific Gas and Electric Company ("Utility"), and related entities. These beneficial owners were identified based on a review of Schedule 13Ds/13Gs (or any amendments) filed with the Securities and Exchange Commission (SEC) as of the date of this report. In each case, the terms of the engagements are comparable to those that could be obtained in arm's-length dealings with an unrelated third party. BlackRock, Inc. and its affiliates ("BlackRock"). BlackRock provides asset management services to the Utility's nuclear decommissioning trusts, customer credit trust and various trusts associated with PG&E Corporation's and the Utility's employee benefit plans. PG&E Corporation and the Utility expect that BlackRock will continue to provide similar services and products in the future, in the normal course of business operations.

The value of payments to BlackRock in 2023 was approximately $3.6 million.

Fidelity Management and Research Company LLC and its affiliates ("FMC"). FMC provides recordkeeper and trustee services for PG&E Corporation's and the Utility's compensation and benefit plans. PG&E Corporation and the Utility expect that FMC will continue to provide similar services and products in the future, in the normal course of business operations. The value of payments to FMC in 2023 was approximately $348,000.

JPMorgan Chase & Co. and its affiliates ("JPMorgan"). JPMorgan provides asset management services to trusts associated with PG&E Corporation's and the Utility's employee benefit plans. PG&E Corporation and the Utility expect that JPMorgan will continue to provide similar services and products in the future, in the normal course of business operations. The value of payments to JPMorgan in 2023 was approximately $2.1 million.

State Street Corporation and its affiliates ("State Street"). State Street first disclosed that it had become a Five Percent Owner through a Schedule 13G filed on January 29, 2024. State Street provides asset management services for the Utility's nuclear decommissioning trusts and the defined contribution plan associated with PG&E Corporation's and the Utility's employee benefit plans. PG&E Corporation and the Utility expect that State Street will continue to provide similar services and products in the future, in the normal course of business operations. The value of payments to State Street in 2023 was approximately $3.4 million.

13. Describe fully any changes in officers, directors, major security holders and voting powers of the respondent that may have occurred during the reporting period: Directors

The following individuals were elected as Directors of the Utility:

Edward G. Cannizzaro

• Sumeet Singh

The following individual is no longer a Director of the Utility:

• Adam L. Wright

Officers

The following individuals became officers of the Utility:

David Canny, Vice President, North Coast Region

• Michael Delaney, Vice President, Utility Partnerships and Innovation

• David Gabbard, Vice President, Pacific Generation

• Matthew B. Hayes, Vice President, Enterprise Health and Safety

• Kristin Manz, Vice President, Finance and Planning

• Russell A. Prentice, Vice President, Wildfire and Enterprise Risk Management

• Roderick O. Robinson, Vice President, Electric System Operations

• Angela Sanford, Vice President, Vegetation Management

• Mary Bianchini, Assistant Corporate Secretary

• Gabriel Briggs, Assistant Corporate Secretary

The following individuals had title changes:

Marlene Santos, Executive Vice President and Chief Customer and Enterprise Solutions Officer (formerly Executive Vice President and Chief Customer Officer)
Sumeet Singh, Executive Vice President, Operations and Chief Operating Officer (formerly Executive Vice President, Chief Risk and Chief Safety Officer)
Vincent M. Davis, Senior Vice President, Customer Experience (formerly Vice President, Customer Operations & Enablement)
Aaron J. Johnson, Senior Vice President, Local Customer Engagement (formerly Vice President, Bay Area Region)
Peter Kenny, Senior Vice President, Major Infrastructure Delivery (formerly Senior Vice President, Vegetation Management and System Inspections)
David Leach, Senior Vice President, Chief Security Officer and Chief Data & Analytics Officer (formerly Vice President, Chief Information Security Officer and Chief Data and Analytics Officer)
Mark Quinlan, Senior Vice President, Wildfire and Emergency Operations (formerly Vice President, Electric System Operations)
Mark R. Seveska, Senior Vice President, Products and Enterprise Solutions (formerly Vice President, IT Products & Enterprise Solutions)
Alejandro (Alex) Vallejo, Chief Risk Officer and Senior Vice President, Ethics and Compliance (formerly Chief Risk Officer and Senior Vice President, Compliance and Ethics; formerly Vice President, Compliance & Ethics, and Deputy General Counsel)
Ahmad Ababneh, Vice President, Transmission and Substation Operations (formerly Vice President, Electric Operations, Projects and Construction)
Stephen J. Cairns, Vice President, Chief Audit Officer (formerly Vice President, Chief Audit Officer and Interim Chief Risk Officer; formerly Vice President and Chief Audit Officer)
Matthew B. Hayes, Vice President, Chief Safety Officer (formerly Vice President, Enterprise Health & Safety, Chief Safety Officer; formerly Vice President, Enterprise Health and Safety)
Annabelle Louie, Vice President, Enterprise Business Processes (formerly Vice President, Enterprise Work Management; formerly Vice President, Operations Support)
William V. Manheim, Vice President, Deputy General Counsel and Law Utility, Strategy and Operations (formerly Vice President, Deputy General Counsel, Operations)
Russell A. Prentice, Vice President, Enterprise and Operational Risk (formerly Vice President Wildfire and Enterprise Risk Management)
Ronald P. Richardson, Vice President, Electric Distribution Operations (formerly Vice President, North Coast Region)
David S. Thomason, Vice President, Finance (formerly Vice President, Chief Financial Officer, and Controller)
Stephanie N. Williams, Vice President, Chief Financial Officer, and Controller (formerly Vice President, Business Finance and Planning)
Chris Zenner, Vice President, Customer Channels and Services (formerly Vice President, Residential Services and Digital Channels)

The following individuals are no longer officers of the Utility:

Julius Cox, Executive Vice President, People, Shared Services, and Supply Chain
Adam L. Wright, Executive Vice President, Operations and Chief Operating Officer
Janisse Quiñones, Senior Vice President, Electric Operations
Aaron A. August, Vice President, Utility Partnerships and Innovation
Jeffrey Deal, Vice President, Electric Distribution Operations
Peter Kostiw, Vice President, Total Rewards, Strategy & Analytics
Jan A. Nimick, Vice President, Power Generation
Srinivas Sarathy, Vice President Infrastructure and Cloud Services
Michael W. Seitz, Vice President, Vegetation Management
David S. Thomason, Vice President, Finance
Lisa J. Crawford, Assistant Corporate Secretary

Major Security Holders

Changes to the major holders of the Utility's First Preferred Stock are as follows:

Cede & Co., C/O DTCC-Transfer Operation Dept., 570 Washington Blvd Floor 1, Jersey City, NJ 08857, increased its share ownership from 9,822,108 shares as of December 31, 2022 to 9,848,888 shares as of December 31, 2023. (Approximately 95 percent of the total preferred shares outstanding).
Alice Maude Stelling TR UA Apr 25 12 The Alice Maude Stelling Revocable Trust 275 Los Ranchitos Rd Apt 109 San Rafael CA 94903-3675 is now a top ten preferred shareholder who owns 3,200 shares.
George Wing Jr & Siu Ngon Wing JT Ten Box 1283 Piscataway NJ 08855-1283 is no longer a top ten preferred shareholder.

Dividend Payments

Refer to Note 6, Common Stock and Share-based Compensation, of the Notes to Financial Statements on pages 122-123 of the FERC Form 1.

14. In the event that the respondent participates in a cash management program(s) and its proprietary capital ratio is less than 30 percent please describe the significant events or transactions causing the proprietary capital ratio to be less than 30 percent, and the extent to which the respondent has amounts loaned or money advanced to its parent, subsidiary, or affiliated companies through a cash management program(s). Additionally, please describe plans, if any to regain at least a 30 percent proprietary ratio:

Not applicable.

wk-20231231.xm_170475.html[5/22/2024 4:44:20 PM]

FERC Form

FERC FORM No. 1 (ED. 12-96)

Page 108-109

Name of Respondent:		This report is:		Date of Report:	Year/Period of Report
	(1)	An Original
PACIFIC GAS AND ELECTRIC COMPANY			05/22/2024	End of: 2023 / Q4
	(2)	A Resubmission


					COMPARATIVE BALANCE SHEET (ASSETS AND OTHER DEBITS)
	Line No.		Title of Account	Ref. Page No.	Current Year End of Quarter/Year Balance	Prior Year End Balance 12/31
		(a)	(b)	(c)	(d)
1		UTILITY PLANT
2		Utility Plant (101-106, 114)			200		118,349,672,899	110,969,024,721

3		Construction Work in Progress (107)			200		4,561,400,706	4,278,662,042

4		TOTAL Utility Plant (Enter Total of lines 2 and 3)					122,911,073,605	115,247,686,763

5		(Less) Accum. Prov. for Depr. Amort. Depl. (108, 110, 111, 115)			200		47,986,718,683	45,440,205,751

6		Net Utility Plant (Enter Total of line 4 less 5)					74,924,354,922	69,807,481,012

7		Nuclear Fuel in Process of Ref., Conv., Enrich., and Fab. (120.1)			202		87,822,554	86,475,206

8		Nuclear Fuel Materials and Assemblies-Stock Account (120.2)

9		Nuclear Fuel Assemblies in Reactor (120.3)					274,315,073	301,949,278

10		Spent Nuclear Fuel (120.4)					3,041,662,565	2,964,394,529

11		Nuclear Fuel Under Capital Leases (120.6)

12		(Less) Accum. Prov. for Amort. of Nucl. Fuel Assemblies (120.5)			202		3,186,179,466	3,080,422,971

13		Net Nuclear Fuel (Enter Total of lines 7-11 less 12)					217,620,726	272,396,042

14		Net Utility Plant (Enter Total of lines 6 and 13)					75,141,975,648	70,079,877,054

15		Utility Plant Adjustments (116)

16		Gas Stored Underground - Noncurrent (117)					119,592,211	119,592,211

17		OTHER PROPERTY AND INVESTMENTS
18		Nonutility Property (121)					30,712,839	29,571,217

19		(Less) Accum. Prov. for Depr. and Amort. (122)

20		Investments in Associated Companies (123)					7,532,296,159	3,245,150,000

21		Investment in Subsidiary Companies (123.1)			224		1,466,991,656	1,021,724,910

23		Noncurrent Portion of Allowances			228		112,160,009	646,415,350

Other Investments (124)
Sinking Funds (125)
Depreciation Fund (126)
Amortization Fund - Federal (127)

28	Other Special Funds (128)		3,807,379,609	4,081,176,046

29	Special Funds (Non Major Only) (129)		1,122,035,759	997,257,827

30	Long-Term Portion of Derivative Assets (175)		280,435,882	305,301,298

31	Long-Term Portion of Derivative Assets - Hedges (176)

32	TOTAL Other Property and Investments (Lines 18-21 and 23-31)		14,352,011,913	10,326,596,648

33	CURRENT AND ACCRUED ASSETS
34	Cash and Working Funds (Non-major Only) (130)

35	Cash (131)		96,651,930	72,198,551

36	Special Deposits (132-134)		4,841,799	11,780,009

37	Working Fund (135)

38	Temporary Cash Investments (136)		10,200,000	533,122,157

39	Notes Receivable (141)

40	Customer Accounts Receivable (142)		453,949,911	287,627,561

41	Other Accounts Receivable (143)		2,410,603,947	2,192,892,372

42	(Less) Accum. Prov. for Uncollectible Acct.-Credit (144)		34,875,910	18,324,417

43	Notes Receivable from Associated Companies (145)		256,680,491	1,526,615,253

44	Accounts Receivable from Assoc. Companies (146)		33,000,714	43,966,385

45	Fuel Stock (151)	227	1,198,863	1,586,736

46	Fuel Stock Expenses Undistributed (152)	227

47	Residuals (Elec) and Extracted Products (153)	227

48	Plant Materials and Operating Supplies (154)	227	804,840,950	751,427,249

49	Merchandise (155)	227

50	Other Materials and Supplies (156)	227

51	Nuclear Materials Held for Sale (157)	202/227

52	Allowances (158.1 and 158.2)	228	1,016,059,221	747,270,576

53	(Less) Noncurrent Portion of Allowances	228	112,160,009	646,415,350

54	Stores Expense Undistributed (163)	227

55	Gas Stored Underground - Current (164.1)		63,858,390	89,676,327

56	Liquefied Natural Gas Stored and Held for Processing (164.2-164.3)

57	Prepayments (165)		350,046,062	570,965,644

58	Advances for Gas (166-167)

59	Interest and Dividends Receivable (171)		667,543

60	Rents Receivable (172)

61	Accrued Utility Revenues (173)		164,414,801	148,663,404

62	Miscellaneous Current and Accrued Assets (174)		574,945,899	549,054,533

63	Derivative Instrument Assets (175)		410,597,570	959,205,737

64	(Less) Long-Term Portion of Derivative Instrument Assets (175)		280,435,882	305,301,298

Derivative Instrument Assets - Hedges (176)
(Less) Long-Term Portion of Derivative Instrument Assets - Hedges (176)

67	Total Current and Accrued Assets (Lines 34 through 66)		6,225,086,290	7,516,011,429

68	DEFERRED DEBITS
69	Unamortized Debt Expenses (181)		223,559,588	193,762,955

70	Extraordinary Property Losses (182.1)	230a

71	Unrecovered Plant and Regulatory Study Costs (182.2)	230b	14,681,867	27,373,357

72	Other Regulatory Assets (182.3)	232	26,334,842,054	23,721,433,967

73	Prelim. Survey and Investigation Charges (Electric) (183)		2,221,222	(558 )

Preliminary Natural Gas Survey and Investigation Charges 183.1)
Other Preliminary Survey and Investigation Charges (183.2)

76	Clearing Accounts (184)		3,186,625	2,475,764

77	Temporary Facilities (185)

78	Miscellaneous Deferred Debits (186)	233	4,392,753,199	4,862,754,112

79	Def. Losses from Disposition of Utility Plt. (187)

80	Research, Devel. and Demonstration Expend. (188)	352

81	Unamortized Loss on Reaquired Debt (189)		25,947,019	36,721,574

82	Accumulated Deferred Income Taxes (190)	234	11,997,801,007	10,203,179,212

83	Unrecovered Purchased Gas Costs (191)

84	Total Deferred Debits (lines 69 through 83)		42,994,992,581	39,047,700,383

85	TOTAL ASSETS (lines 14-16, 32, 67, and 84)		138,833,658,643	127,089,777,725

FERC FORM No. 1 (REV. 12-03)

Page 110-111

wk-20231231.xm_170475.html[5/22/2024 4:44:20 PM]

FERC Form

Name of Respondent:		This report is:		Date of Report:		Year/Period of Report
	(1)	An Original
PACIFIC GAS AND ELECTRIC COMPANY			05/22/2024		End of: 2023 / Q4
	(2)	A Resubmission


					COMPARATIVE BALANCE SHEET (LIABILITIES AND OTHER CREDITS)
	Line No.		Title of Account	Ref. Page No.	Current Year End of Quarter/Year Balance		Prior Year End Balance 12/31
		(a)	(b)	(c)		(d)
1		PROPRIETARY CAPITAL
2		Common Stock Issued (201)			250			1,321,874,045	1,321,874,045

3		Preferred Stock Issued (204)			250			257,994,575	257,994,575

Capital Stock Subscribed (202, 205)
Stock Liability for Conversion (203, 206)

6	Premium on Capital Stock (207)		1,805,194,230		1,805,194,230

7	Other Paid-In Capital (208-211)	253	36,333,269,747		30,756,123,589

8	Installments Received on Capital Stock (212)	252

9	(Less) Discount on Capital Stock (213)	254	6,916,899		6,916,899

10	(Less) Capital Stock Expense (214)	254b	28,951,886		28,951,886

11	Retained Earnings (215, 215.1, 216)	118	(3,555,996,182	)	(4,206,590,722 )

12	Unappropriated Undistributed Subsidiary Earnings (216.1)	118	943,520,269		838,890,207

13	(Less) Reacquired Capital Stock (217)	250

14	Noncorporate Proprietorship (Non-major only) (218)

15	Accumulated Other Comprehensive Income (219)	122(a)(b)	(12,904,938	)	(8,166,262 )

16	Total Proprietary Capital (lines 2 through 15)		37,057,082,961		30,729,450,877

17	LONG-TERM DEBT
18	Bonds (221)	256	37,375,655,670		35,115,164,559

19	(Less) Reacquired Bonds (222)	256

20	Advances from Associated Companies (223)	256	8,904,461,135		9,093,909,854

21	Other Long-Term Debt (224)	256

22	Unamortized Premium on Long-Term Debt (225)		4,320,877		4,903,468

23	(Less) Unamortized Discount on Long-TermDebt-Debit (226)		53,370,860		30,251,169

24	Total Long-Term Debt (lines 18 through 23)		46,231,066,822		44,183,726,712

25	OTHER NONCURRENT LIABILITIES
26	Obligations Under Capital Leases - Noncurrent (227)		1,072,368,477		1,243,633,044

27	Accumulated Provision for Property Insurance (228.1)

28	Accumulated Provision for Injuries and Damages (228.2)		1,767,924,660		2,251,659,254

29	Accumulated Provision for Pensions and Benefits (228.3)		430,683,730		184,604,903

30	Accumulated Miscellaneous Operating Provisions (228.4)		1,332,383,900		1,753,706,614

31	Accumulated Provision for Rate Refunds (229)

32	Long-Term Portion of Derivative Instrument Liabilities		159,227,287		176,597,091

33	Long-Term Portion of Derivative Instrument Liabilities - Hedges

34	Asset Retirement Obligations (230)		5,512,144,332		5,912,361,630

35	Total Other Noncurrent Liabilities (lines 26 through 34)		10,274,732,386		11,522,562,536

36	CURRENT AND ACCRUED LIABILITIES
37	Notes Payable (231)		3,975,000,000		2,055,000,000

38	Accounts Payable (232)		3,097,708,326		3,582,839,305

39	Notes Payable to Associated Companies (233)

40	Accounts Payable to Associated Companies (234)		111,713,915		226,750,134

41	Customer Deposits (235)		132,419,066		116,804,373

42	Taxes Accrued (236)	262	536,922,697		504,591,321

43	Interest Accrued (237)		564,629,548		463,796,034

44	Dividends Declared (238)		2,319,380		2,319,382

Matured Long-Term Debt (239)
Matured Interest (240)

47	Tax Collections Payable (241)	38,350,787	41,016,803

48	Miscellaneous Current and Accrued Liabilities (242)	2,455,889,523	1,463,562,560

49	Obligations Under Capital Leases-Current (243)	338,625,194	232,928,694

50	Derivative Instrument Liabilities (244)	281,405,622	228,244,869

51	(Less) Long-Term Portion of Derivative Instrument Liabilities	159,227,287	176,597,091

Derivative Instrument Liabilities - Hedges (245)
(Less) Long-Term Portion of Derivative Instrument Liabilities-Hedges

54	Total Current and Accrued Liabilities (lines 37 through 53)		11,375,756,771	8,741,256,384

55	DEFERRED CREDITS
56	Customer Advances for Construction (252)		356,208,431	288,675,735

57	Accumulated Deferred Investment Tax Credits (255)	266	89,113,318	91,349,274

58	Deferred Gains from Disposition of Utility Plant (256)

59	Other Deferred Credits (253)	269	1,535,657,498	1,705,188,018

60	Other Regulatory Liabilities (254)	278	17,366,615,681	16,420,075,785

61	Unamortized Gain on Reacquired Debt (257)		34,680	150,526

62	Accum. Deferred Income Taxes-Accel. Amort.(281)	272

63	Accum. Deferred Income Taxes-Other Property (282)		11,304,088,331	10,627,816,495

64	Accum. Deferred Income Taxes-Other (283)		3,243,301,764	2,779,525,383

65	Total Deferred Credits (lines 56 through 64)		33,895,019,703	31,912,781,216

66	TOTAL LIABILITIES AND STOCKHOLDER EQUITY (lines 16, 24, 35, 54 and 65)		138,833,658,643	127,089,777,725

FERC FORM No. 1 (REV. 12-03)

Name of Respondent:

PACIFIC GAS AND ELECTRIC COMPANY

Page 112-113

This report is:	Date of Report:	Year/Period of Report
(1)	An Original
05/22/2024	End of: 2023 / Q4

A Resubmission

STATEMENT OF INCOME

Quarterly

Report in column (c) the current year to date balance. Column (c) equals the total of adding the data in column (g) plus the data in column (i) plus the data in column (k). Report in column (d) similar data for the previous year. This information is reported in the annual filing only.
Enter in column (e) the balance for the reporting quarter and in column (f) the balance for the same three month period for the prior year.
Report in column (g) the quarter to date amounts for electric utility function; in column (i) the quarter to date amounts for gas utility, and in column (k) the quarter to date amounts for other utility function for the current year quarter.
Report in column (h) the quarter to date amounts for electric utility function; in column (j) the quarter to date amounts for gas utility, and in column (l) the quarter to date amounts for other utility function for the prior year quarter.
If additional columns are needed, place them in a footnote.

Annual or Quarterly if applicable

Do not report fourth quarter data in columns (e) and (f)

Report amounts for accounts 412 and 413, Revenues and Expenses from Utility Plant Leased to Others, in another utility column in a similar manner to a utility department. Spread the amount(s) over Lines 2 thru 26 as appropriate. Include these amounts in columns (c) and (d) totals. Report amounts in account 414, Other Utility Operating Income, in the same manner as accounts 412 and 413 above.

Use page 122 for important notes regarding the statement of income for any account thereof.

Give concise explanations concerning unsettled rate proceedings where a contingency exists such that refunds of a material amount may need to be made to the utility's customers or which may result in material refund to the utility with respect to power or gas purchases. State for each year effected the gross revenues or costs to which the contingency relates and the tax effects together with an explanation of the major factors which affect the rights of the utility to retain such revenues or recover amounts paid with respect to power or gas purchases. Give concise explanations concerning significant amounts of any refunds made or received during the year resulting from settlement of any rate proceeding affecting revenues received or costs incurred for power or gas purchases, and a summary of the adjustments made to balance sheet, income, and expense accounts.

If any notes appearing in the report to stockholders are applicable to the Statement of Income, such notes may be included at page 122.

Enter on page 122 a concise explanation of only those changes in accounting methods made during the year which had an effect on net income, including the basis of allocations and apportionments from those used in the preceding year. Also, give the appropriate dollar effect of such changes. Explain in a footnote if the previous year's/quarter's figures are different from that reported in prior reports.

If the columns are insufficient for reporting additional utility departments, supply the appropriate account titles report the information in a footnote to this schedule.

Other

Electric Utility

Gas Utiity

Gas Utility

Utility

Current

Current Year

Previous Year

Current Year

Line

Title of Account

(Ref.) Page No.

Total Current Year to Date Balance for Quarter/Year

Total Prior Year to Date Balance for Quarter/Year

Current 3 Months Ended - Quarterly Only - No 4th Quarter

Prior 3 Months Ended - Quarterly Only - No 4th Quarter

Year to

to Date (in

Year to Date

Year to

No.

(a)

(b)

(c)

(d)

(e)

(f)

Date

dollars)

(in dollars)

Date (in

(in

(g)

(h)

(i)

(j)

dollars)

(l)

(k)

UTILITY OPERATING INCOME

wk-20231231.xm_170475.html[5/22/2024 4:44:20 PM]

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PG&E Corporation published this content on 24 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2024 23:10:07 UTC.

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06-14	Wolfe Research Adjusts Price Target on PG&E to $22 From $21, Maintains Outperform Rating	MT
06-14	Citigroup Adjusts Price Target on PG&E to $21 From $19, Keeps Buy Rating	MT

Wolfe Research Adjusts Price Target on PG&E to $22 From $21, Maintains Outperform Rating	06-14	MT
Citigroup Adjusts Price Target on PG&E to $21 From $19, Keeps Buy Rating	06-14	MT
US natgas prices fell 3% on forecasts for lower demand, higher output	06-13	RE
RBC Capital Raises Price Target on PG&E to $22 From $21, Maintains Outperform Rating	06-13	MT
Transcript : PG&E Corporation - Special Call	06-12
Apple Says Home App Enables Linking to Utility Accounts for More Informed Electricity Decisions	06-10	DJ
All eyes on the Fed	06-10
ANALYST RECOMMENDATIONS : AMD, Adobe, Walmart, Nvidia, Tesla...	06-10
JPMorgan Upgrades PG&E to Overweight From Neutral, Adjusts Price Target to $22 From $19	06-10	MT
Barclays Raises PG&E's Price Target to $22 From $21	06-04	MT
Morgan Stanley Adjusts PG&E Price Target to $18 From $16	05-28	MT
ETF of the week: Utilities play a role in the emergence of the IA	05-23
PG&E Keeps Quarterly Dividend at $0.01 a Share, Payable July 15 to Shareholders of Record June 28	05-17	MT
PG&E Corporation Declares Its Second-Quarter 2024 Regular Cash Dividend, Payable on July 15, 2024	05-17	CI
Mizuho Adjusts Price Target on PG&E to $23 From $21	05-17	MT
Evercore ISI Adjusts Price Target on PG&E to $18 From $17	05-10	MT
California rejects PG&E plan to transfer non-nuclear assets to Pacific Generation	05-09	RE
PG&E Insider Sold Shares Worth $1,007,720, According to a Recent SEC Filing	05-01	MT
PG&E in Talks with KKR to Sell Interest in Pacific Generation	05-01	CI
Warren Buffett's PacifiCorp faces $30 billion of new wildfire claims	04-30	RE
PG&E in talks with KKR to sell interest in Pacific Generation	04-30	RE
Edison International posts Q1 loss on wildfire claims	04-30	RE
Warren Buffett's PacifiCorp faces $30 bln new wildfire claims	04-30	RE
Bluejay Mining jv identifies drill targets in West Greenland	04-29	AN
Wells Fargo Adjusts PG&E's Price Target to $21 From $20	04-26	MT

	1st Jan change	Capi.
PG&E CORPORATION	+1.22%	39B
NEXTERA ENERGY	+20.28%	150B
SOUTHERN COMPANY	+12.16%	86B
IBERDROLA, S.A.	+2.15%	81.6B
DUKE ENERGY CORPORATION	+5.48%	79B
ENEL S.P.A.	-5.41%	68.84B
CONSTELLATION ENERGY CORPORATION	+83.85%	67.74B
GE VERNOVA INC.	0.00%	46.64B
AMERICAN ELECTRIC POWER COMPANY, INC.	+8.35%	46.39B
DOMINION ENERGY, INC.	+7.30%	42.27B

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